Regular Collection Account – Fees and Charges
| Category | Details |
|---|---|
Average Quarterly Balance (AQB) |
₹10,000/- |
Non-Maintenance Charges (Per Quarter) |
₹1,500/- |
Important Note |
Cash deposit limits will lapse if the AQB maintained is less than 75% of the required product AQB. |
Cash Transactions
| Feature | Details |
|---|---|
Combined Cash Deposit Limit @ any HDFC Bank Branch / Cash Recycler Machines (Monthly) |
Deposit up to ₹2 Lakh cash free per month or 25 transactions (whichever is breached first) at any HDFC Bank Branches; Charges @ ₹4 per ₹1,000, minimum ₹50 per transaction beyond free limits |
Cash deposit in low denomination coins and notes i.e. ₹20 and below @ any HDFC Bank Branch (Monthly) |
Cash deposit in notes = Nil free limits; chargeable at 4% of cash deposit in low denomination notes Cash deposit in coins = Nil free limits; chargeable at 5% of cash deposit in coins |
Operational Limit for Cash Deposit @ Non-Home Branch (per day) |
₹10,000/- |
Non-Cash Transactions
| Feature | Details |
|---|---|
Local / Intercity Cheque Collection |
Free |
Bulk Transactions* |
Free up to 50 transactions per month. Charges ₹35 per transaction beyond free limits |
Outstation Cheque Collection @ Clean Location (per instrument charges) |
Up to ₹25,000 – ₹50/- Above ₹25,000 up to ₹1 lakh – ₹100/- Above ₹1 lakh – ₹150/- |
NEFT / RTGS / IMPS Collections |
Free |
Account Closure Charges
| Time Frame
|
Charges |
|---|---|
Closure within 14 days |
No Charge |
Closure between 15 days to 6 months |
₹500/- |
Closure between 6 months to 12 months |
₹500/- |
Closure beyond 12 months |
No Charge |
Common Charges
| Feature | Details |
|---|---|
Balance Enquiry, TDS Certificate & Address Confirmation (request at the branch) |
Free |
Balance Confirmation Certificate, Interest Certificate, Signature & Photograph Verification (branch request) |
₹100/- |
Old Records / Copy of Paid Cheque (branch request) |
₹200 per record |
Standing Instructions |
Nil |
InstaAlert |
Email – Free; SMS – ₹0.20 per SMS (charged monthly) |
Duplicate / Adhoc Statement Requests |
i) Through Direct Banking: ₹50/- per statement (via NetBanking, MobileBanking, PhoneBanking IVR, ATM) ii) At Branch or PhoneBanking (Non-IVR): ₹100/- per statement through Branch; ₹75/- through PhoneBanking (Non-IVR) |
Cheques Deposited, Returned Unpaid |
Local and Outstation – ₹200/- per instrument |
Note: *Bulk transactions include the count of all cheque clearing and fund transfer transactions.
Terms & Conditions
Accounts maintaining an AQB less than the required product AQB as of the previous quarter will be charged ₹25 each for the next 3 monthly statements.
All free limits will lapse if the AQB maintained is less than 75% of the required Product AQB.
GST, as applicable, will be levied.
Glossary
AQB: Average Quarterly Balance
Mode of AQB Calculation: Average of daily closing balances of each day over a 3-month calendar quarter
NMC: Non-Maintenance Charges levied for non-maintenance of AQB
Click here to learn more about the HDFC Bank Regular Collection Account.
Disclaimer: Terms and conditions apply. HDFC Bank Regular Collection Account approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirements. Interest rates are subject to change. Please check with your RM or the closest bank branch for current interest rates.